Saturday, May 26, 2012

Feldstein on the Euro

Martin Feldstein, an opponent of the euro from the beginning, reviews its history with considerable restraint and understatement.

2 comments:

Anonymous said...

Yes, very restrained and understated for Feldstein on this issue. In his writings in the '90s he went after the euro project with a sledgehammer.

Arun

Louis said...

Thanks Art for this text. I cringed at the way Feldstein ironed out the wrinkles of European integration history, and especially France's role and intentions in the process, but I guess that's me being a purist. Going on regardless, what came out was a basic, raw problem: as of now, how do we manage this situation without getting rid of 50 years of European cooperation? What exactly is worth saving in European integration as a whole, and how?